A massive 23.5M loss for the whale who bet against HYPE … 😥 The whale who shorted 1.875M HYPE (57.14M) with 5x leverage has finally closed their position, taking a 23.52M loss (-77%)! Over the past 23 days, the whale deposited 30.5M USDC into #Hyperliquid to maintain the short, but with HYPE’s recent rise, they were forced to close out. Now, only 6.98M remains in their account. Follow @spotonchain for more updates.